Krista MacDonald   

kristamacdonald@royallepage.ca 

Krista MacDonald
Office:250 477-5353
Cell:250 588-0494
Toll Free:1 800-461-5353

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560 4th St in Courtenay: CV Courtenay City Triplex for sale (Comox Valley) : MLS®# 1034903

560 4th St Courtenay V9N 1H2 : CV Courtenay City

Main Photo: 560 4th St in Courtenay: CV Courtenay City Triplex for sale (Comox Valley) : MLS®# 1034903banner
$1,150,000
Prop. Type:
Residential
MLS® Num:
1034903
Status:
Active
Bedrooms:
6
Bathrooms:
4
Year Built:
1999
PRIME INVESTMENT OPPORTUNITY! Turn-key downtown Courtenay triplex generating $81,000 annual gross income with strong tenant history and minimal ongoing maintenance. Excellent cap rate with upside, based on anticipated lower property taxes. Fully permitted renovations with significant capital improvements including a brand new roof (2024) and newly constructed 3 bed/2 bath unit (2025) with heat pump and modern finishes. All three units offer in-suite laundry and are separately metered. Property is fully tenanted with large paved parking area, laneway access, and excellent walkability to shops, services, and transit. A stabilized asset with reliable income and future upside through rent optimization and expense reduction. A strong fit for investors focused on dependable cash flow with the ability to optimize returns over time. Attractive to both local and out-of-area buyers looking for a well-positioned asset in a high-demand rental market. Also perfect for multi-generational living.
Property Type:
Residential
Type:
Triplex
Year built:
1999 (Age: 27)
Close Price Lease Total:
Existing Lease Expiry:
Living Area:
Switch units of measure3,302 sq. ft.
Main Building Living Area:
Switch units of measure2,088 sq. ft.
Listing General Location:
CV Courtenay City, Comox Valley
Bedrooms:
6
Bathrooms:
4.0 (Full:-/Half:-)
Lot Size:
Switch units of measure5,227 sq. ft.
Lot Details:
49x112
Kitchens:
3
Home Style:
Conversion
Taxes:
Construction:
Block, Concrete, Insulation All
New Construction:
No
Basement:
None
Foundation:
Concrete Perimeter
Roof:
Asphalt Shingle
Ceiling Heights:
Switch units of measure
Total Building Area:
Switch units of measure3,302 sq. ft.
Total Unfinished Area:
Switch units of measure0 sq. ft.
Commercial Area:
# Bedrooms or Dens Total:
6
# Main Level Bedrooms:
3
# Second Level Bedrooms:
2
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
1
# Other Level Bedrooms:
0
# Main Level Bathrooms:
3
# Second Level Bathrooms:
1
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
0
# Other Level Bathrooms:
0
# Main Level Kitchens:
2
# Second Level Kitchens:
1
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
0
Living Area Lower Floor:
Switch units of measure0 sq. ft.
Living Area Main Floor:
Switch units of measure2,088 sq. ft.
Living Area Other Floor:
Switch units of measure0 sq. ft.
Living Area 2nd Floor:
Switch units of measure1,214 sq. ft.
Living Area 3rd Floor:
Switch units of measure0 sq. ft.
Fireplaces:
0
Laundry Features:
In Unit
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
Air Conditioning, None
Heating:
Baseboard, Electric, Forced Air, Heat Pump
Fireplace:
No
Warranty:
No
Pending Date:
Balcony, Fencing: Partial, Wheelchair Access
Main Level
0
Yes
No
Unrestricted
Floor
Type
Dimensions
Other
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
2nd Floor
2nd Floor
2nd Floor
2nd Floor
Lower Level
Floor
Ensuite
Pieces
Other
Main Floor
Main Floor
Main Floor
2nd Floor
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Courtenay
Legal Description:
Zoning:
C-1
Bed and Breakfast:
Potential
Units in Building:
Units in Community:
Number of 2 piece baths:
0
Number of 3 piece baths:
2
Number of 4 piece baths:
2
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Property Condition:
Updated/Remodeled
Exposure / Faces:
North
Layout:
Main Level Entry with Upper Level(s)
Lot Site Features:
Central Location, Easy Access, Shopping Nearby
Attached Garage:
No
Carport Spaces:
0
Garage Spaces:
0
Garage:
No
Parking Features:
Additional Parking, Driveway
Total Parking Spaces:
6
Road Surface Type:
Paved
Total Units:
Date Listed:
May 13, 2026
Original Price:
1150000.0
Listed by eXp Realty (NA)
Data was last updated May 13, 2026 at 08:05 PM (UTC)
KRISTA MACDONALD
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.
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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.